2008 Cedar Creek Work Program Underway
CALGARY, ALBERTA – June 16, 2008 - Cedar Mountain Exploration Inc. ("Cedar Mountain") (TSX Venture Exchange: CED) is pleased to announce that Phase 1 of the 2008 exploration program has commenced at its 100% owned Cedar Creek Property located in south-central British Columbia. The program will involve ground truthing approximately 30 gold in soil anomalies followed by extensive trenching and sampling. It is expected the Phase 1 program will take approximately four weeks to complete with assay results expected to be available in August 2008. The results of the Phase 1 program will assist Cedar Mountain in the selection of drill target locations for the Phase 2 exploration program which is expected to commence in September 2008.
The program is designed as a follow-up to the highly successful 2007 program in which extensive soil sampling identified approximately 30 soil and geochemical gold anomalies of up to 4140 ppb Au, associated with Quesnel Terrane volcanic and sedimentary rocks. Two distinct northwest oriented trends of gold in soil anomalies were identified. In the northern portion, a broad trend of anomalous soils, extending along strike over 2 kilometers and up to 1.5 kilometres wide, has been delineated over sedimentary rocks comprising an assemblage of alternating argillites, siltstones and greywackes. These gold anomalies and underlying lithologies are similar to those on the adjacent Spanish Mountain Property, held jointly by Skygold Ventures Ltd. and Wildrose Resources Ltd. A second one kilometer wide zone of gold in soil anomalies trends for over three kilometers across the southern portion of the property and is associated with an assemblage of intermediate to mafic volcanic rocks exposed along the incised valley of Cedar Creek. The maximum gold in soil value collected in this southern trend is 2700 ppb. Previous rock sampling from outcrop exposures along Cedar Creek by Cedar Mountain during 2006 returned gold values up to 12.6 g/t.
Cedar Creek Property
The Cedar Creek Property is located 5km southeast of the town of Likely, BC, in the Cariboo Gold District, and is road accessible. The Property comprises 2 mineral claims totaling 1463 hectares and is adjacent to the Spanish Mountain Property. The geology of the Cedar Creek Property consists predominantly of volcanic, sedimentary and intrusive rocks belonging to the Quesnel terrane. This gold district was historically British Columbia’s first and largest producer of gold during the historic Cariboo Gold rush, producing approximately 3.8 million ounces of gold since 1874, which is more than any other placer area in British Columbia.
The principal focus of exploration on the Cedar Creek Property is for gold in sediment hosted bulk tonnage type deposits. The main style of veining explored is Sediment Hosted Vein (SHV) deposits, a family of gold deposits that consist of gold in quartz veins hosted by shale and siltstone sedimentary rocks. These types of deposits can be some of the largest in the world as seen at Muruntau (>80M oz) and Sukhoi Log (>20M oz) in Russia. This is the principal deposit type which has been recently discovered and is being successfully explored on the adjacent Skygold Spanish Mountain Property.
About Cedar Mountain
Cedar Mountain Exploration Inc. is mineral exploration company focused on gold and base metal projects. The companies assets include the Cedar Creek Gold Property, a bulk tonnage sediment hosted gold target situated immediately adjacent to Skygold Ventures Ltd.’s Spanish Mountain project in the Cariboo region of south-central British Columbia, the Lemon Lake Property, also in the Cariboo region, located 9 km northeast of the village of Horsefly and the Venus Property approximately 16 km northeast of Salmo in south-eastern British Columbia.
In addition to the British Columbia properties, on April 28, 2008 Cedar Mountain announced entering into two letters of intent with Sterling Mining de Mexico S.A. de C.V (“Sterling”) whereby Sterling has granted Cedar the option to acquire a 100% interest in the Jimenez del Tuel and Venaditas-Chapis properties in the State of Zacatecas in central Mexico. Zacatecas state is host to several world class mineral deposits including the recently discovered San Nicolas (VMS), Penasquito and Camino Rojo deposits. Cedar Mountain is currently conducting an extensive due diligence program on the merits of both Jimenez del Tuel and Venaditas-Chapis properties.
Peter Kleespies, P.Geol. has reviewed the information in this press release and is the Qualified Person as defined by NI 43-101.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.